FUSION

From ancient times to today, human civilization’s development depends on the depth and breadth of cooperation, but the cooperation, based on distributed markets and centralized organizations, has been suffered by the issue of trust for a long time. Blockchain technology has, for the first time, provided mankind a “trust machine”, which can not only solve the issue of trust but also make cooperation programmable. What we need to do is to move off-chain values online by tokenizing off-chain assets as on-chain tokens and making them run in smart contracts.

We are entering an exciting new era of “Internet of Values”. But today, interoperability, scalability and usability are still big problems, all of which have together hindered the progress.

Given that improving usability is a long-term and gradual process, interoperability and scalability are bottlenecks that we are eager to break at this phase. As tokens, representing values, are born with financial attributes, the blockchain applications of the financial industry are most likely to revolutionize the world. Unfortunately, the endeavors today are mostly only focusing on enhancing current financial institutions’ internal systems with blockchain technology. If we define all of the financial activities on the Internet of Values as cryptofinance, current cryptocurrencies have only achieved limited functions of cryptofinance.

At the advent of the Internet of Information, what we did was not to transform the “postal system”, but to create a new “Email system”. Likewise, when the Internet of Values is approaching, we hope to create a new system: a value transfer infrastructure based on tokens. It can convert values across time and across space and can fulfill almost all the functions of traditional finance in a distributive way much more efficiently and much less costly. It can even achieve many unprecedented financial functions that cannot be imagined in scenarios of centralized organizations.

This is exactly what project FUSION is doing: to establish a public blockchain as an inclusive cryptofinance platform that, by breaking the bottlenecks of interoperability and scalability, can provide complete financial functions, leading us to an exciting new era of Internet of Values.